Department store to sell 3D printed house
Department store Takashimaya will sell a 3D printed house in its New Year Lucky Bag sale held in the first week of January 2023. The ’Sphere 3D Printed House’ is priced at 3.3 million Yen and is just 10 sqm (107 sq.ft) in size.
Skyrocketing wood prices and making homes more expensive than ever
Building construction costs in Japan continue to grow as economic sanctions on Russia have caused wood imports to stall. Prices are rising so rapidly that some new homeowners are having to choose between paying more or losing a spare bedroom.
Daiwa unveils ultra-luxury home offering
Daiwa House Industry has launched an ultra-luxury home option to their lineup. The Wood Residence MARE is designed by their in-house ZIZAI DesignOffice team.
Home builder introduces 9-storey home to their line-up
In an industry first, PanaHome is now offering a 9-storey home for landowners who want to maximize the use of their land.
The suggested layout for the ‘Vieuno9’ high-rise home includes retail space on the ground floor, office and rental apartments on the lower floors, and the owner's residence on the upper floors. The steel-frame structure allows for ceiling heights of up to 4 meters on the ground floor and 3.14 meters on the top floor, with mid-floors having generous ceiling heights of 2.84 meters.
In 2016, housing starts for multi-storey dwellings (between 3 ~ 9 floors) reached 43,530 units nationwide, an increase of 7.8% from 2015. 82.5% of these homes were located in the Tokyo-Nagoya-Osaka belt where land prices are typically high while lot sizes are small. The Tokyo metropolitan area accounted for 30.6% of these housing starts.Read more
Daiwa House unveils high-end custom-built homes
On April 12 Daiwa House announced details on their newest and highest grade of custom-built homes aimed towards wealthy buyers. The ‘PREMIUM Gran Wood’ homes are wood-framed houses with construction costs starting from 300,000 Yen per square meter (255 USD / sq ft), not including land purchase costs. With additional options and finishes, construction costs can exceed 600,000 Yen/sqm. The average house is expected to cost a minimum of 50 million Yen (approx. 460,000 USD) to build.
Daiwa is expecting to build 50 of these houses in their first year of sales.Read more
Sumitomo Forestry announces new luxury home plans
Sumitomo Forestry announced a new luxury home design and construction service aimed at wealthy clients who are seeking meticulously designed and well-appointed residences.
A model house in the Komazawa Koen Housing Gallery in Setagaya-ku is scheduled to open on October 17, while pre-inspections are currently available by appointment only. Another model house will open in Nagoya City. Both homes were designed by Design Partner Group.
The Komazawa model house was designed to reflect contemporary and traditional Japanese styles in an urban setting. All rooms open onto a central courtyard which provides light, air flow and a spot for greenery. Interior designer Yukio Hashimoto was in charge of the interiors, with special touches including traditional Japanese plaster, lacquering, gold and silver leaf and shoji sliding doors. Read more
4-storey homes growing in popularity
Demand is finally starting to grow for 4-storey wooden-frame homes as future revisions to the inheritance tax laws in Japan leave the older generation searching for better ways to pass their wealth onto their children.
From January 1 2015, the basic deduction on inheritance tax for one heir will be reduced from 60 million Yen to 36 million Yen. This will increase the number of people who will become liable to pay inheritance tax. It is estimated that 1 in 4 people in Tokyo's 23-ku will have to pay the tax at some point.
However, for multi-family homes where several generations live under one roof, up to 80% of the property's taxable value can be reduced. Building a multi-family home can therefore provide some offset for future inheritance taxes.Read more